Alchemy Pay has officially expanded its localized fiat-to-crypto on-ramp service into Bangladesh, integrating four of the country’s most popular mobile financial services: bKash, Nagad, Rocket, and Upay. The integration allows Bangladeshi users to seamlessly purchase cryptocurrencies using the local currency, Bangladeshi Taka (BDT), directly through these mobile wallets.
The move taps into Bangladesh’s mature digital wallet ecosystem, where bKash alone boasts over 50 million registered users, serving as a dominant hub for daily payments. Nagad, a rapidly growing second player, brings tens of millions of users and strong retail transaction momentum. By leveraging this existing infrastructure, Alchemy Pay significantly lowers entry barriers for crypto adoption in South Asia.
Alchemy Pay’s on-ramp solution is already integrated with major payment networks, including Visa and Mastercard, and the company is a member of the Mastercard Crypto Partner Program. This Bangladeshi expansion complements its broader regional presence in markets like Indonesia, the Philippines, Thailand, Malaysia, Brazil, Mexico, and Argentina, reinforcing its role in bridging traditional finance and the digital asset economy.
